Mosquito Hunters is the ideal franchise for anyone wanting to start out in business for themselves. With an initial start-up investment ranging between $69,949 and $82,209, Mosquito Hunters provides a low cost of entry to position franchisees for exponential revenue return.
Mosquito Hunters is a home service franchise, meaning there’s no need for a storefront location which frees up costs that would otherwise go to overhead expenses. Since October 2018 alone, the brand has increased its presence considerably, with over 50 units currently in development. It is an ideal franchise to invest in because it has a simple yet scalable growth model, provides owners financing options with recurring revenue potential and does not require a brick-and-mortar establishment. Through these attributes and others of the company, Mosquito Hunters continues to maintain a low cost of entry.
The development team for Mosquito Hunters includes franchise veterans Tom King, Mike Carnahan, Kris Simonich and Diane Wright, who together have over 125 years of combined franchising experience. Each team member has owned their own franchise or worked with a master franchise in the course of their career. Drawing from their diverse and extensive backgrounds, the team shared insight into how Mosquito Hunters maintains a low cost of entry, making it the fastest-growing outdoor home service concept.
Simonich said that since the brand is a home business which doesn’t require office or retail space, Mosquito Hunters has already saved its franchisees money. The business model of the company is also dependent on the success of its franchisees.
Carnahan said that the company is on a scalable model, emphasizing that a franchisee can own a business with one or more technicians depending on the workload the location is experiencing. Each business location begins with a small staff, typically one or two individuals as the number of staff members is in direct correlation with a location’s increased revenue growth.
“Many franchisees are surprised that they don’t have to hire and train an extensive team,” said King. “In a business model such as ours, large teams aren’t needed. Most of the individuals we are working with want to start with a smaller, more manageable business anyway. It helps that we finance for people as well.”
The development team said that since the company has partnered with powerhouse franchise Lawn Doctor, Mosquito Hunters is able to have a clearly defined structure in both business and finance. According to the development team, many aspiring franchise owners will have access to liquid capital, but will use a 401K rollover or seek outside financing to raise enough funds to afford a business. Mosquito Hunters is unique in that it will provide in house assistance with deferred payments to help partners get off the ground.
Simonich says that the average prospective franchisee for Mosquito Hunters wants to have a smaller onboarding process and one that is financially sound, but not expensive. “We believe in what we are doing, so much so that our team works to provide financing for up to 50% of the overall initial investment. It’s rare to see a franchisor provide internal assistance and I think it clearly shows our candidates how confident we all are in this model,” said Simonich.
“Many people see Mosquito Hunters as a company which can be integrated it into their lives,” said Carnahan. “We see how important investing in a company is and we have made a clear effort to assist our partners.”
Wright said that Mosquito Hunters franchisees don’t have to worry about financial means in the case of inventory either. Since the company focuses on using Environmental Protection Agency (EPA)-registered, all-natural products without complicated technological equipment, there is no need for expensive equipment that requires constant upgrading. The startup cost for one staff member’s worth of inventory and product combined is $500.
“Costs usually continue to creep up for many home service companies because whatever is in retail is constantly upgrading,” said Wright. “However, with Mosquito Hunters, we do not have extensive inventory changes. When an industry is suffering due to their products and inventory costing more than the company brings in, it makes success harder for the brand, especially in a new market.”
The Mosquito Hunters development team also noted that constant technological upgrading makes it difficult for companies to stay competitive and accessible to the average person. As some companies are reliant on technology, they have to raise prices on customers and, as a result, they are no longer an option for some clients who could be recurring revenue for the brand.
King said, “It’s necessary to keep a low cost of entry in the home service industry as a means to be competitive. When the price-point of your company matches that of others around you, it creates competition. If the cost is too high, the range may not suit the socioeconomic status of the region. If the cost is too low, people will wonder why the price is so low and may not trust your business’ quality.”
In franchising, said Carnahan, what ultimately matters is keeping money in the pocket of Mosquito Hunter’s franchisees. Making an investing partner financially successful means the individual can allocate more funding to continue growing their business, and further develop the brand.
Being a non-brick-and-mortar company also allows for a lower barrier of entry to attract more prospective franchisees. As a home service business, there is no additional funding necessary for construction, real estate or rent which creates a lower investment cost. Through Mosquito Hunter’s development team’s combined experience, they have found the sweet spot to be less than $100,000 in investment and they stated that such an initial low cost tends to attract more individuals who are especially interested in multi-unit deals.
With an attractive low entry cost, it’s no wonder the brand is growing rapidly. Through a scalable business model, financing options, a low inventory cost and no outside building development, Mosquito Hunters will continue to maintain a low investment cost.
The initial start up investment for Mosquito Hunters is between $69,949 and $82,209 with a franchise fee of $35,000. To learn more about franchising opportunities with Mosquito Hunters, visit https://mosquitohuntersfranchise.com/.